GAINSY Hottest Forecasts

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Forecast: EUR/USD ; EUR/CHF ; EUR/GBP ; EUR/JPY
(GAINSY Technical Analysis)

EUR/USD: Intraday bias in EUR/USD remains neutral and some more consolidations could be seen below 1.3451 temporary top. Further rise is still expected with 1.3205 minor support intact. Prior break of 1.3416 resistance argues that corrective pattern from 1.3710 has likely finished and further rally would be seen to retest this resistance. However, break of 1.3205 will turn focus back to 1.2755 support instead...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Sell at 1.3400
(GAINSY Ichimoku Analysis)

Although the single currency rebounded from yesterday's low of 1.3299, as this week's decline from 1.3453 suggests a temporary top is formed there, reckon upside would be limited to the upper Kumo (now at 1.3388) and 1.3400-10 should hold, bring another decline later, a break of said...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 131.30
(GAINSY Elliott Wave Analysis)

As the single currency has continued to move higher, adding credence to our view that the rise from 127.97 is still in progress and may extend further gain to 132.40, break there would bring headway towards previous resistance at 132.74, break there would encourage for subsequent rise...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Pared Losses On Upbeat Economic Data, Trading Lower In Asian Session
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR gained 0.11% against the USD and closed at 1.3356, drawing support from the latest batch of upbeat PMI data from the Euro-zone and Germany...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Markets Steady as the Week Started, CFTC Data Showed Jumps in Euro Net Longs
(GAINSY Technical Analysis)

Markets opened the week in rather steady way with Asian equities mildly higher. Major currency pairs and crosses are generally stuck in tight range. New Zealand trade deficit was a disappointment to economists but reaction was muted. NZ ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Hold short entered at 1.3400
(GAINSY Ichimoku Analysis)

Despite intra-day brief fall to 1.3356, as the single currency has rebounded after holding above the Ichimoku cloud top, suggesting caution on our short position entered at 1.3400 and Friday's high of 1.3410 needs to hold to retain bearish prospect ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 131.00
(GAINSY Elliott Wave Analysis)

The single currency has retreated after rising to 132.42 late last week, suggesting consolidation below this level would be seen and pullback to 131.00-10 cannot be ruled out before prospect of another rally, above said resistance would extend the rise...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Market Update
(GAINSY Fundamental Analysis)

Markets continued to monitor possible responses of the UN and US to the Syrian government's use of chemical weapons

Notes/Observations

Markets continued to monitor possible responses of the UN and US to the Syrian government's use of chemical weapons...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Geopolitical Tensions Pressure Markets, JPY Recovers
(GAINSY Technical Analysis)

Sentiments are pressured by geopolitical tensions in Syria. DOW dropped -62k to close at 14946.46 in late trading. Nikkei tried to recover earlier losses but reversed and is down -101.71 pts at the time of writing. Other major Asian indices stayed in red with ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Hold short entered at 1.3400
(GAINSY Ichimoku Analysis)

As the Ichimoku cloud bottom has continued to provide good support and euro has rebounded, suggesting further consolidation would be seen, however, as long as resistance at 1.3410 (Friday's high) holds, bearishness remains for another fall, below the lower Kumo (now at 1.3354) would ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 0.8900
(GAINSY Elliott Wave Analysis)

As aussie has fallen again after meeting renewed selling interest at 0.9070, retaining our view that near term downside risk remains for marginal weakness to 0.8900, however, reckon support at 0.8848 would hold and prospect of another rebound remains, above said resistance at 0.9070 ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Syrian Crisis Takes A Bite Out of FX, Bonds And Bourses
(GAINSY Fundamental Analysis)

A weaker US durable goods orders yesterday coupled with investor concerns about possible US military action in Syria is enough to record some "diverse" effects on Asian Capital Markets in the overnight session. Regional bourses were trading in the red while the G10 price action was ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Syria Worries Continue, Risk Aversion Supports JPY
(GAINSY Technical Analysis)

Geopolitical tension in Syria remains the the dominant theme today as Asian equities drop sharply following the sharp -170 pts decline in DOW overnight. Also weighing on sentiments was the better than expected consumer confidence data from US which...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Hold short entered at 1.3400
(GAINSY Ichimoku Analysis)

Despite yesterday's brief fall to 1.3322, lack of follow through selling on break of previous support at 1.3334 and the subsequent strong rebound dampened our bearishness and 1.3400 needs to hold to retain prospect of another decline, below said support at 1.3322 would signal the ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Hold long entered at 0.8900
(GAINSY Elliott Wave Analysis)

Although aussie has continued to move lower and near term downside risk remains for marginal weakness from here, reckon support at 0.8848 would hold and prospect of another rebound remains, above 0.9000 would bring test of indicated resistance at 0.9070, however, break there is ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Brent Crude: Oil Hits A Road Block, But 2013 Highs Still On Radar
(GAINSY Fundamental Analysis)

The oil price had a stumble this morning. After rising sharply in the last 24 hours it hit some selling pressure earlier at $117.35, the highest level since February 19th. The chief driver is geopolitical risk and the prospect of military intervention from the US, UK and France in Syria. Tension in ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Rises on GDP Revision, Syria Worry Receding
(GAINSY Technical Analysis)

Dollar rebounds further against European majors in early US session as data showed Q2 GDP rose more than expected at 2.5% annualized rate versus expectation of 2.3%. That was an upward revision from first estimate of 1.7%. Initial jobless claims ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Sell at 1.3285
(GAINSY Ichimoku Analysis)

As the single currency has remained under pressure after breaking previous support at 1.3299 (now turned into resistance), suggesting the decline from 1.3453 top is still in progress (indicated downside target at 1.3220 - 1.236 times projection of 1.3453-1.3299 measuring from ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Buy at 1.0420
(GAINSY Elliott Wave Analysis)

Although the greenback has rebounded after holding above yesterday's low of 1.0474, reckon resistance at 1.0540 would limit upside and further consolidaiton below last week's high of 1.0569 should take place, near term downside bias remains for correction to previous resistance at 1.0445, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png US Second-Quarter GDP Growth Revised to 2.5%; Initial Claims Dip Lower in the Latest Week
(GAINSY Fundamental Analysis)

The second estimate of US second-quarter 2013 gross domestic product (GDP) growth was 2.5%, 0.8 percentage points above the 1.7% advance estimate, and larger than market expectations for an upward revision to 2.2%...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Mildly Higher, Japan Inflation Accelerated
(GAINSY Technical Analysis)

Yen strengthens mildly in Asian session as equity markets turned soft again. DOW had another day of mild gain of 16.44 pts and the moves were clearly consolidative for digesting recent losses. US yields reversed after initial rally with 10 year yield closing ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Sell at 1.3285
(GAINSY Ichimoku Analysis)

As the single currency has fallen again after brief recovery, suggesting the decline from 1.3453 top is still in progress and further weakness to previous support at 1.3206 would be seen, however, near term oversold condition should prevent sharp fall below 1.3160-65 (1.618 times ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Hold long entered at 0.8900
(GAINSY Elliott Wave Analysis)

As aussie has remained confined within narrow range, suggesting further consolidation would be seen, however, still reckon support at 0.8848 would contain downside and prospect of another rebound remains, above 0.9000 would bring test of indicated resistance at 0.9070, however, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Gave Up Ground Against The Dollar Following Strong US Data, Trading Higher This Morning
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR declined 0.73% against the USD and closed at 1.3238 as the greenback found support from strong US employment and GDP data. In the US, data revealed that initial jobless claims declined to a level of 331,000 during the week ended 23 August ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Dives on Risk Appetite, GBP Boosted by PMI
(GAINSY Technical Analysis)

Yen drops sharply as the week started as risk appetite was boosted by receding fear of a strike against Syria and Chinese manufacturing data. The Japanese currency was also weakened on speculation the there would be counteractions to the planned sales tax hike. Aussie and Kiwi are the ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Buy at 1.3150
(GAINSY Ichimoku Analysis)

As the single currency has remained under pressure, retaining our view that near term downside risk remains for decline from 1.3453 to extend weakness to 1.3161 (1.618 times projection of 1.3453-1.3299 measuring from 1.3410, however, loss of downward momentum should prevent ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Stand aside
(GAINSY Elliott Wave Analysis)

Despite falling to 129.31 last Friday, the single currency found good support there and has staged a strong rebound (however missed our long entry at 129.10), adding credence to our consolidative view and near term upside bias remains for further gain to 131.90-00 but still expect ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Little Movement as US Markets Closed For Holiday
(GAINSY Fundamental Analysis)

EUR/USD has continued where it left off on Friday, showing little movement in Monday trading. The pair is trading in the low-1.32 range in the European session on Monday. On Friday, UoM Consumer Sentiment fell, but still beat the estimate. The markets have settled down as a US ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Mildly Higher on ISM Manufacturing
(GAINSY Technical Analysis)

Dollar strengthens mildly in early US session on slightly better than expected economic data. The ISM manufacturing index rose to 55.7 in August, beating consensus of a fall to 54.0. That's also the highest level in more than two years. The details were solid with strong improvement in ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Buy at 1.3105 or sell at 1.3255
(GAINSY Ichimoku Analysis)

As the single currency has remained under pressure, suggesting the decline from 1.3453 is still in progress and may extend weakness to 1.3125-30, however, loss of downward momentum should prevent sharp fall below 1.3100-05 (50% Fibonacci retracement of 1.2755-1.3453), bring a ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Buy at 1.0485
(GAINSY Elliott Wave Analysis)

Near term sideways trading below 1.0569 is expected to continue and bullishness remains for recent upmove to resume after consolidation, above said resistance would signal recent upmove has resumed and extend gain to recent high of 1.0609. Looking ahead, a breach of 1.0609 resistance ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png The 'Cry Wolf' USD Trade To Disrupt Markets
(GAINSY Fundamental Analysis)

It keeps coming and coming, the wave of better-than-expected PMI's globally has pushed most equity markets up in Asia and into the black. Yesterday's PMI data from Markit showed that even the weakest euro-zone countries have turned 'that' long-awaited corner and now are part of ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Asian Markets Lower on Syria, AUD Lifted by GDP
(GAINSY Technical Analysis)

Asian markets pared some of this week's gain and focus turned back to tension in Syria. Despite the delay in the decision to strike Syria as US President Obama seeks the Congress’ approval, it’s not getting more likely that the vote would be a support for the strike. Key Republican leaders ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3105 or sell at 1.3255
(GAINSY Ichimoku Analysis)

Although yesterday's fall to 1.3138 signals recent decline from 1.3453 top is still in progress and may extend marginal weakness, loss of downward momentum should prevent sharp fall below 1.3100-05 (50% Fibonacci retracement of 1.2755-1.3453) and bring a rebound later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Target met and buy again at 0.9050
(GAINSY Elliott Wave Analysis)

Current anticipated rally has justified our bullish view that low has been formed earlier at 0.8848 and our long position entered at 0.8900 met indicated target at 0.9100 with 200 points profit, this anticipated rebound adds credence to our view that the fall from 0.9234 has ended and ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Dollar Advances Against The Euro, Following Upbeat ISM Manufacturing Data
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR declined 0.13% against the USD and closed at 1.3173, as a better-than-expected US manufacturing PMI data boosted the demand for the greenback. Data showed that the US ISM Manufacturing PMI advanced to a reading of 55.7 in August, more than the market expectation for a reading of 54.0 and compared to a level of 55.4 recorded in the previous month...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Soft after BoJ, BoE and ECB Next
(GAINSY Technical Analysis)

Yen remains soft in tight range after BoJ left policies unchanged as widely expected. Interest rate was held at near zero level while the central bank also maintained the annual pace of monetary base expansion at JPY 60-70T. In the accompanying statement, BoJ noted that the Japanese...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: GBP/USD - Buy at 1.5590
(GAINSY Ichimoku Analysis)

Although cable has retreated after rising to 1.5648 yesterday and consolidation below this level would be seen, however, downside should be limited to 1.5585-90 and bring another rise, break of said resistance would signal the erratic upmove from 1.5427 low is still i progress and may ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy again at 0.9050
(GAINSY Elliott Wave Analysis)

Yesterday's anticipated rally adds credence to our view that low has been formed earlier at 0.8848 and bullishness remains for another leg of corrective upmove to take place, bring another test of resistance at 0.9234 (tentatively the a leg top). Looking ahead, only a break of this level ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Slips In The Asian Session, After Trading Higher Yesterday
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR rose 0.20% against the USD and closed at 1.3199, after the Euro-area economy confirmed that it exited its longest recession, as initially estimated, during the second quarter, on the back of strong recovery in domestic demand and exports. In a separate ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Preparing for Solid NFP
(GAINSY Technical Analysis)

As an eventful is coming to close, markets are turning the focus to the non-farm payroll from in US. The pre-NFP data released this week so far were solid and the dollar index rode on the increased expectation for Fed to taper in September. The break of ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3055
(GAINSY Ichimoku Analysis)

Although yesterday's selloff after meeting renewed selling interest at 1.3223 signals recent decline from 1.3453 is still in progress and may extend weakness to 1.3100-05 (50% Fibonacci retracement of 1.2755-1.3453) and possibly to 1.3087 (50% projection of 1.3410-1.3138 measuring ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 0.9050
(GAINSY Elliott Wave Analysis)

As aussie has retreated after this week's anticipated rally to 0.9188, suggesting consolidation below this level would be seen and pullback to 0.9090-00 is likely, however, reckon 0.9038 support would limit downside and bring another rise later, above said resistance would bring another ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png It's NFP - USD Buyers Beware!
(GAINSY Fundamental Analysis)

Draghi's lower rates for longer and even possibly below the current levels has given the EUR bears renewed confidence, euro-bonds a leg up and equity markets a green light. With fixed income dealers pricing in a more aggressive Fed tapering currently has the "mighty" dollar in demand ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Opens Lower after Olympic Win
(GAINSY Technical Analysis)

Yen drops broadly while Nikkei jumps as much as 280 pts in initial trading in reaction to Japan's win to host 2020 Olympic. Prime minister Abe said that hosting the Olympics and Paralympics will have "good effects on a wide range of areas such as infrastructure and tourism". The games ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Sell at 1.3250
(GAINSY Ichimoku Analysis)

Although the single currency has rebounded after Friday's brief fall to 1.3105 and consolidation above this level is in store with initial upside bias for retracement to 1.3217-23 (38.2% Fibonacci retracement of 1.3399-1.3105 and previous resistance), however, reckon 1.3252-55 (50% ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 0.9050
(GAINSY Elliott Wave Analysis)

As aussie has maintained a firm undertone, suggesting the rebound from 0.8848 is still in progress and may extend gain to 0.9234 (the a leg top), however, a sustained breach above there is needed to add credence to our view that wave v has ended at 0.8848 and bring retracement of ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Lackluster US Employment Data Continues To Spur A Sell-Off In The Dollar
(GAINSY Fundamental Analysis)

On Friday, EUR rose 0.48% against the USD and closed at 1.3182, as German industrial orders fell unexpectedly in July and as a soft US nonfarm payrolls data fuelled speculation that the Fed might delay plans to taper its asset purchase porgramme to support growth in its jobs market...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Commodity Currencies Jump on Easing Syria Concern and China Forecast
(GAINSY Technical Analysis)

Commodity currencies remain the strongest one this week, tracking higher equity markets on reduced worry over Syria and solid Chinese data. Yen took out near term support against other currencies on risk appetite. Major European indices opened higher ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Stand aside
(GAINSY Ichimoku Analysis)

Although euro's rally from 1.3105 (last week's low) confirms a temporary low has been formed there and consolidation with mild upside bias is seen for this rise to bring a stronger retracement of recent decline and gain to 1.3293 (61.8% Fibonacci retracement of 1.3410-1.3105) cannot ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Hold long entered at 1.0335
(GAINSY Elliott Wave Analysis)

Although the greenback has remained under pressure and marginal weakness from here cannot be ruled out, as broad outlook is still consolidative, reckon 1.0300 would hold from here and bring rebound later, above 1.0440-50 would signal low is possibly formed but break of ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR Run Squeezes Shorts - Will FOMC Inflate USD?
(GAINSY Fundamental Analysis)

Plenty of constructive headlines on Syria combined with lower oil prices to a certain extent are helping improve risk appetite as investor's head to the North American market open. The latest data from China continues to point towards a recovery in the world's second largest economy, appropriately in time for their Communist's party key meeting in November...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Sentiments Continued to Improve on Syria
(GAINSY Technical Analysis)

US equities rebounded for another day as President Obama announced to put the push to strike against Syria on hold. The game changer was Russian's proposal to transfer the control of Bashar al-Assad's government's chemical weapons. France said ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3200
(GAINSY Ichimoku Analysis)

Despite intra-day initial rise to 1.3282, lack of follow through buying in break of Monday's high of 1.3281 and current retreat suggest consolidation would be seen and pullback to 1.3223-30 support is likely, however, reckon the lower Kumo (now at 1.3193) would limit downside and bring ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 0.9125
(GAINSY Elliott Wave Analysis)

As aussie has continued to trade with a firm undertone after breaking above previous resistance at 0.9234, adding credence to our view that low has been formed at 0.8848 (as wave v) earlier and upside bias remains for the c leg rise to bring retracement of recent decline to previous ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Weakens Even On Improved Risk-Appetite After Syria Agrees To Hand Over Its Chemical Arsenal
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3267. The greenback gave up ground against the Euro after the Secretary of State, John Kerry, confirmed that the US will explore Russia’s proposal for Syria to hand over its chemical weapons to ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euzone Updates: ECB Monthly Bulletin Warned Of Italy Deficits, IP Disappointed But Recovery To Be Seen Next Month
(GAINSY Technical Analysis)

In the ECB's monthly bulletin, it's unveiled that Italy might not be able to reach the deficit target. While having a deficit-to-GDP target of 2.9%, Italy's fiscal gap at the end of August almost doubled that in the same period of 2012. The ECB warned that there are 'increasing risks' that the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Sell at 1.3370
(GAINSY Ichimoku Analysis)

Although the single currency staged a rebound after finding support at 1.3256 yesterday, failure to penetrate yesterday's high of 1.3325 and current retreat suggest further consolidation below said resistance would be seen, however, said support at 1.3256 should limit downside and ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Hold long entered at 131.80
(GAINSY Elliott Wave Analysis)

Despite falling to 131.72 yesterday, as the single currency did find renewed buying interest there as suggested in our previous update and has rebounded, suggesting the pullback from 133.37 (this week's high) has ended) and consolidation with upside bias is seen for gain to 133.00, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Continue To Buckle Against The USD
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.3299. The US Dollar was in demand yesterday, on speculation that a better-than-expected US jobs data might facilitate Fed’s decision to taper its asset-purchase programme, at its upcoming ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Stocks Rally, Yields Tumble on Summers News, USD Stays Soft
(GAINSY Technical Analysis)

Dollar remains soft in early US session as weighed down by former Treasury Secretary Summers' withdrawal from Fed chairman candidacy. Traders are also cautious ahead of FOMC announcement later this week. So far commodity currencies remain the ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Hold short entered at 1.3370
(GAINSY Ichimoku Analysis)

Although the single currency has risen again in New York morning and marginal gain cannot be ruled out, still reckon 1.3392-99 (61.8% projection of 1.3105-1.3325 measuring from 1.3254 and previous resistance) would limit upside and bring retreat later. Below the Kijun-Sen (now ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Sell at 0.8450 or buy at 0.8300
(GAINSY Elliott Wave Analysis)

As the single currency has remained under pressure after falling to 0.8357 last Friday, suggesting the wave (c) of larger degree wave 4 is still in progress and may extend further weakness to 0.8315-20, however, loss of downward momentum should prevent sharp fall below 0.8300 and ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Merkel and Summers Relief for EUR Could be Short Lived
(GAINSY Fundamental Analysis)

The other news this weekend apart from Larry Summers' withdrawal from the Fed race was a major boost for Angela Merkel heading into the last week of campaigning before Sunday's Federal elections in Germany...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Stays in Range after CPI, Euro Lifted Mildly by ZEW
(GAINSY Technical Analysis)

Dollar is mildly softer in early US session but stays in tight range. Inflation data from US saw CPI moderated more than expected to 1.5% yoy in August, down from July's 2.0%. Nonetheless, core CPI rose to 1.8% yoy, up from 1.7% yoy, inline with expectation. TIC capital flow jumped to ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Hold short entered at 1.3370
(GAINSY Ichimoku Analysis)

Although the single currency found support at 1.3326 earlier today and rebounded, reckon yesterday's high of 1.3385 would limit upside and further consolidation is in store with mild downside bias, below said support would bring test of the lower Kumo (now at 1.3320), break there ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Hold long entered at 1.0335
(GAINSY Elliott Wave Analysis)

Failure to extend yesterday's rebound and current decline suggest caution on our near term bullishness and indicated previous support at 1.0275 needs to hold to retain prospect of another rebound, above resistance at 1.0357 (yesterday's high) would suggest low is possibly formed, bring a ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png US August CPI Rose Only 0.1% in the Month With Core Prices up a Similar 0.1%
(GAINSY Fundamental Analysis)

August consumer prices rose a smaller-than-expected 0.1% in the month following a 0.2% gain in July. Core prices also surprised on the downside showing a monthly increase of only 0.1% following a 0.2% gain the previous month ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: GBP Rises on Optimistic BoE, FOMC Next
(GAINSY Technical Analysis)

Sterling strengthens against dollar and euro today after an optimistic BoE meeting minutes. The nine MPC members voted unanimously to leave the bank rate unchanged at 0.5% and the asset purchase program at GBP 375b. They believed further ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Hold short entered at 1.3370
(GAINSY Ichimoku Analysis)

Although the single currency has continued to trade narrowly in part due to cross-trading and further sideways trading is in store, still reckon Monday's high of 1.3385 would limit upside and mild downside bias remains for another retreat, below support at 1.3326 (yesterday's low) would ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Hold long entered at 1.0335
(GAINSY Elliott Wave Analysis)

As the greenback has remained under pressure, suggesting caution on our near term bullishness and indicated previous support at 1.0275 needs to hold to retain prospect of another rebound, above resistance at 1.0357 (Monday's high) would suggest low is possibly formed, bring a ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png US Housing Starts Post Smaller-than-Expected Gain in August
(GAINSY Fundamental Analysis)

Housing starts in August rose a smaller-than-expected 0.9% to an annualized 891,000 from a downwardly revised 883, 000 in July. Building permits were issued for 918,000 annualized housing units in August, a 3.8% decline from the upwardly revised 954,000 in the previous month...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Steady, Fed Bullard Talked about Possible October Tapering
(GAINSY Technical Analysis)

Dollar stays in tight range in early US session in spite of comments from St. Louis Fed Bullard on the possibility of October tapering. Bullard noted that the decision to keep the asset purchase pace at $85b per month earlier this week was a "borderline decision" after recent weak economic ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Hold long entered at 1.3500
(GAINSY Ichimoku Analysis)

Although the single currency has slipped again in New York morning, still reckon the Ichimoku cloud top (now at 1.3500) would limit downside and bring another rebound, above intra-day resistance at 1.3549 would signal the pullback from 1.3569 has ended and bring a retest of this level, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Buy at 1.0240
(GAINSY Elliott Wave Analysis)

Despite yesterday's selloff to 1.0182, as the greenback found good support there and has staged a strong rebound, suggesting a temporary low is possibly formed there and consolidation with mild upside bias is seen for retracement of this month's selloff, above 1.0355-60 would add ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Canada's Consumer Price Report Indicates Limited Inflation Pressure in August
(GAINSY Fundamental Analysis)

Canada's headline consumer price index was unchanged in August on a not-seasonally-adjusted month-over-month basis, slightly below market expectations for a 0.1% gain...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Dives on Italian Political Crisis
(GAINSY Technical Analysis)

Euro opened the week sharply lower, unsettled by political turmoil in Italy. The Italian cabinet failed to agree on the measures to lower the budget deficit to meet EU's limit. Prime minister Letta challenged former prime minister Berlusconi's Forza Italia party to support him in a confidence vote ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Buy at 1.3520
(GAINSY Ichimoku Analysis)

Despite intra-day brief fall to 1.3478, as the single currency has rebounded strongly and broke above the Kijun-Sen after holding above last week's low of 1.3462, reviving our bullishness and retest of recent high of 1.3569 would be seen, however, break there is needed to confirm recent ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 0.9230
(GAINSY Elliott Wave Analysis)

Aussie fell again earlier today and near term downside risk remains for the fall from 0.9524 to bring a stronger correction of recent upmove to 0.9280, however, reckon 0.9250 support would limit downside and bring another rise later, above resistance at 0.9400-05 would suggest low is ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Trading Marginally Lower Ahead Of Domestic GDP Data
(GAINSY Fundamental Analysis)

On Friday, the USD declined 0.11% against the CAD to close at 1.0301, as looming US budget concerns weighed on the demand prospect of the greenback. ...

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